Morning all Thanks AM crew The SPI is 15 points lower this...

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    Morning all
    Thanks AM crew

    The SPI is 15 points lower this morning at 5316.

    US markets fell away with the S&P on its' worst run in four months, down .95% for the session.
    Consumer discretionary stocks continued to fall despite a report showing consumer confidence is the highest in a year. Nordstrums fell 13%, Walmart 2.9%, the biggest loser on the Dow.
    A look at the Dow Transports isn't very inspiring atm.

    Copper holds above $4600, a key level, and if able to hold here may start a short covering rally. A fall below $4580
    would probably mean a retest of the January lows above $4300.

    Oil -.49c @ &46.37

    Gold overcame US dollar strength to rise .75% to $1273.
    HUI +1.4%
    AUD Gold $1751

    AUD .7252

    Have a good day
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